Question: Refining machine has been acquired at PHP 100.000 expected to be useful for 10 years, and would have a salvage value of PHP 1,500 by

Refining machine has been acquired at PHP 100.000 expected to be

Refining machine has been acquired at PHP 100.000 expected to be useful for 10 years, and would have a salvage value of PHP 1,500 by then what is the depreciation cost per year (t) of the machine, what is the depreciation cost for the third year using the Matheson Formula, DB 200%. A 10,000 B 9,850 C 12,800 D) 8,888

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question 32 3 Points Refining machine has been acquired at PHP 100,000 expected to be useful for 10 years, and would have a salvage value of PHP 1,500 by then what is the depreciation cost per year...

show solution . Consider the following two mutually exclusive alternatives related to improvements project and recommend which one (if either) should be implemented. MARR (1) = 15% Machines A...

show solution Daphne plans to buy an item for her project. She plans to pay PHP 100 for the first month, PHP 150 for the second month, PHP 200 for the third, PHP 250 for the fourth and PHP 300 for...

Refining machine has been acquired at PHP 100,000 expected to be useful for 10 years, and would have a salvage value of PHP 1,500 by then what is the depreciation cost per year (t) of the machine,...

Chteau Beaune is a family-owned winery located in the Burgundy region of France, headed by Gerard Despinoy. The harvesting season in early fall is the busiest time of the year for the winery, and...

question 14 help please MACRS Depreciation Table Table 7-2. 150% Declining Balance Method (Half-Year Convention) Year 3-Year 5-Year 7-Year 20-Year 25.0% 15.00% 10.71% 3.750% 2 37.5 25.50 19.13 7.219...

Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2015. His findings are as follows....

Attached are some questions I need help with. The book isIntermediate Accounting, 16th Edition, Kieso, 9781119170785. Exercise 11-4 Kingbird Corp. purchased machinery for $355,950 on May 1, 2017. It...

(a) Use a graphing calculator or computer to graph the function f(x) = x4 3x3 6x2 + 7x + 30 in the viewing rectangle [ 3, 5] by [ 10, 50]. (b) Using the graph in part (a) to estimate slopes, make a...

The rod in Figure P27.24 is made of two materials. The figure is not drawn to scale. Each conductor has a square cross section 3.00 mm on a side. The first material has a resistivity of 4.00 x 10-3...

The discount rate that makes the NPV of an investment exactly equal to 0 is called the a . Profitable rate of return b . IRR c . Average accounting return d . Profitability index e . Risk free rate

Major Mills is a large manufacturer of breakfast cereal. One of its most popular products is Choco - Bombs, which sells at wholesale for $ 5 0 / case . The cost to produce is $ 3 6 . 3 0 per case, as...

3.37 It was estimated that 30% of all seniors on a campus were seriously concerned about employment prospects, 25% were seriously concerned about grades, and 20% were seriously concerned about both....

3.31 A student committee has 6 members4 undergraduate and 2 graduate students. A subcommittee of 3 members is to be chosen randomly so that each possible combination of 3 of the 6 students is equally...

3.35 A work crew for a building project is to be made up of 2 craftsmen and 4 laborers selected from a total of 5 craftsmen and 6 laborers. a. How many different combinations are possible? b. The...